Trader Tardigrade, a seasoned crypto analyst, has identified a compelling historical trend with Dogecoin (DOGE): the cryptocurrency tends to experience significant price surges after breaking above its previous highest monthly closing price. Here are the key observations:
Historical Price Surges
2017 Surge: After surpassing its highest monthly close, DOGE price gained approximately 1000% over the subsequent 8 months.
2021 Rally: An even more dramatic increase occurred when DOGE spiked by an astonishing 8000% in just 4 months following a similar breakout above its previous high.
Current Situation
As of the latest analysis, DOGE has once again exceeded its previous highest monthly closing price. This event has ignited speculation regarding a potential repeat of past performance, with two hypothetical scenarios presented:
Scenario 1: A 1000% increase over the next 8 months, echoing the 2017 trend.
Scenario 2: An 8000% increase within the next 4 months, reminiscent of the 2021 rally.
The analyst’s insights suggest that if historical patterns are reliable indicators, DOGE could be on the brink of a substantial price surge.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
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